1998 (7) TMI 5

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....s at the instance of the Revenue is as follows: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the expenditure incurred by the assessee-company by way of property tax, urban land tax and towards maintenance of the properties owned by the company and given as residential accommodation to its directors should not be considered fo....

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....tion Agencies P. Ltd. v. CIT [1999] 239 ITR 305), that the property tax and the urban land tax incurred by the assessee should not be included for the purpose of disallowance under section 40(c) of the Income-tax Act, 1961, and maintenance alone can be included for the purpose of disallowance. In the decision reported in C. W. S. (India) Ltd. v. CIT [1994] 208 ITR 649 (SC), while interpreting sec....